2023-11-15T11:14:26-05:00 2022-12-31 561627242 ROMEO WIGGINS & COMPANY LLP 8210 CREEDMOOR RD 202 RALEIGH NC 27613 990 2022-01-01 561579041 NATIONAL INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT NATI 9199568889 POST OFFICE BOX 1331 DURHAM NC 27702 KEVIN J PRICE PRESIDENT/CEO 9199568889 2023-11-14 KEVIN PRICE 999009999 false J KELLY LANIER P01240701 9198705151 2023-11-14 X 2022 2023-04-26 12:10:37Z KEVIN J PRICE POST OFFICE BOX 1331 DURHAM NC 27702 6600648 false X WWW.THEINSTITUTENC.ORG X 1986 NC TO STRENGTHEN THE ASSET BASE OF DIVERSE POPULATIONS THROUGH POLICY, EDUCATION AND ECONOMIC OPPORTUNITIES. 13 13 51 79120 25554 3277834 4713761 595585 816438 568 384 707085 867291 4581072 6397874 0 0 2147359 2825183 0 81799 2281943 2263999 4429302 5089182 151770 1308692 11354840 12740351 2509731 2586550 8845109 10153801 X TO STRENGTHEN THE ASSET BASE OF DIVERSE POPULATIONS THROUGH POLICY, EDUCATION AND ECONOMIC OPPORTUNITIES. false false 1117529 WOMEN'S BUSINESS CENTER - ARE LOCATED IN THE RALEIGH-DURHAM AREA, CHARLOTTE, RICHMOND, AND GREENSBORO AND STRIVE TO PROMOTE ECONOMIC SELF- SUFFICIENCY FOR WOMEN IN NORTH CAROLINA AND VIRGINA, IN BOTH RURAL AND URBAN COMMUNITIES, THROUGH ENTREPRENEURSHIP. THE WBCS ARE PARTIALLY FUNDED BY THE U.S. SMALL BUSINESS ADMINISTRATION AWARDS. 815203 INSTITUTE CAPITAL - A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) CERTIFIED BY THE U.S. DEPARTMENT OF THE TREASURY. THIS STATEWIDE PUBLIC- PRIVATE PARTNERSHIP PROVIDES LEADERSHIP AND CAPITAL INVESTMENTS TO ENCOURAGE AND STIMULATE COMMUNITY DEVELOPMENT, EXPAND ECONOMIC OPPORTUNITIES, AND PROVIDE FINANCING FOR COMMUNITY AND ECONOMIC DEVELOPMENT ACTIVITIES. 627344 SMALL BUSINESS NONPROFIT INCUBATOR - RENTAL SPACE IS PROVIDED TO SMALL BUSINESSES / NONPROFIT ORGANIZATIONS AT BELOW-MARKET RATES IN AN EFFORT TO HELP STRENGTHEN THEIR OPERATING CAPACITY AND ABILITY TO GROW. 1404799 OTHER PROGRAMS INCLUDE BUSINESS AND MARKET DEVELOPMENT, PUBLIC ALLIES, CENTER FOR PROFESSIONAL SERVICES, POLICY & RESEARCH AND SMALL BUSINESS TRANSPORTATION RESOURCE CENTER. 1404799 3964875 true true false false false false false false false false true false true false true true false true false false false false false false false false false false false true false false false false false true false true false false false false false true false false false true 78 0 true 51 true true true false false false false false false false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false X ANGELA POOLE 9199568889 PO BOX 1331 DURHAM NC 27702 KEVIN J PRICE PRESIDENT/CE 40.00 X 182470 0 14331 KAYE GANTT CHIEF OP OFF 40.00 X 126535 0 12415 ROBERTA MCCULLOUGH SENIOR VP OP 40.00 X 114919 0 12138 ANGELA POOLE VP OF FINANC 40.00 X 110977 0 11957 STEPHEN SILLS VP RPIC 40.00 X 104386 0 8631 TANYA BRANCH CHIEF FINANC 40.00 X 59583 0 0 NIKITRA BAILEY DIRECTOR 1.00 X 0 0 0 DR TYRONE R BAINES SECRETARY 1.00 X X 0 0 0 MARTIN EAKES DIRECTOR 1.00 X 0 0 0 TED EDWARDS DIRECTOR 1.00 X 0 0 0 DR EDWARD FORT DIRECTOR 1.00 X 0 0 0 KARLA HAYNES DIRECTOR 1.00 X 0 0 0 LORI JONES-GIBBS FORMER VICE 1.00 X 0 0 0 ADAM KLEIN DIRECTOR 1.00 X 0 0 0 SUE MALONE TREASURER 1.00 X X 0 0 0 LEWIS H MYERS CHAIRMAN 1.00 X X 0 0 0 TROY ROBERTS DIRECTOR 1.00 X 0 0 0 MICHAEL SUGGS VICE CHAIRMA 1.00 X X 0 0 0 THURMAN SMITH DIRECTOR 1.00 X 0 0 0 JEANNE TEDROW DIRECTOR 1.00 X 0 0 0 698870 59472 5 false true false 3339880 1373881 4713761 CONTRACTS 900099 711484 711484 PROGRAM FEES 900099 104954 104954 816438 384 384 337388 202774 134614 134614 79120 55494 SHARED SERVICE REIMBURSEMENT 900099 731640 731640 MISCELLANEOUS INCOME 900099 1037 1037 732677 6397874 816438 79120 788555 X 292303 230100 56166 6037 2115324 1665173 406463 43688 27396 18550 8295 551 190856 144639 43179 3038 199304 150641 44621 4042 27908 14442 13466 46446 24035 22411 749426 518792 207213 23421 119179 76741 41585 853 192219 190184 2035 128024 77199 50656 169 73255 73255 193016 170377 22639 35556 34675 881 PROGRAM EXPENSES 575156 541115 34041 SUBSCRIPTIONS/REFERENCE M 104301 57395 46906 OTHER EXPENSES 66754 59157 7597 EQUIPMENT PURCHASE 30594 6973 23621 -77835 -88568 10733 5089182 3964875 1042508 81799 515007 2864909 1997966 1266746 1560603 1461543 64789 102608 6443768 2522060 4093638 3921708 3122837 3122837 11354840 12740351 887650 980783 4653 26639 1617428 1579128 2509731 2586550 X 7836993 6910499 1008116 3243302 8845109 10153801 11354840 12740351 X 1308692 X false true X true true true X 1093902 1421929 882181 3277834 4713761 11389607 1093902 1421929 882181 3277834 4713761 11389607 1164980 10224627 111265 126685 371 60711 55878 354910 8945 24079 79120 112144 69 18457 144752 622864 732677 1518819 13375480 2098196 0.76440 0.72720 X PART II, LINE 10 OTHER INCOME 1,518,819 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 215332 215332 5920822 2281561 3639261 307614 240499 67115 3921708 INVESTMENT CED 3122837 C 3122837 NP TO SELF-HELP VENTURES FUND 1465270 ACCRUED VACATION 88560 REFUNDABLE ADVANCE 25298 1579128 X 6639482 38834 202774 241608 6397874 6397874 5330790 38834 202774 241608 5089182 5089182 SCHEDULE D, PAGE 3, PART X ASC 740: THE INSTITUTE IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) INTERNAL REVENUE CODE AND THE APPLICABLE STATE TAX STATUTES. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKEN THAT REQUIRE DISCLOSURE BASED ON CURRENT FACTS AND CIRCUMSTANCES. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENT EXPENSES INCLUDED IN PART I. 202,774 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES INCLUDED IN PART I. 202,774 false false false false false false false false false KEVIN J PRICE PRESIDENT/CEO 182470 5700 8631 196801 SELF HELP VENTURES FUND BOARD MEMBER 1465270 LOAN BALANCE false SELF HELP CREDIT UNION BOARD MEMBER 159951 CASH BALANCE false FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAMS INCLUDE BUSINESS AND MARKET DEVELOPMENT, PUBLIC ALLIES, CENTER FOR PROFESSIONAL SERVICES, POLICY & RESEARCH AND SMALL BUSINESS TRANSPORTATION RESOURCE CENTER. FORM 990, PAGE 6, PART VI, LINE 11B AUDIT COMMITTEE AND EXECUTIVE COMMITTEE MEET JOINTLY TO REVIEW THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD REVIEWS THE POLICY AND ADHERENCE ON A REGULAR BASIS AND HAS A REMINDER ON EACH BOARD MEETING AGENDA. FORM 990, PAGE 6, PART VI, LINE 15A THE PERSONNEL COMMITTEE EVALUATES THE PRESIDENT/CEO'S COMPENSATION AND MAKES SALARY RECOMMENDATIONS BASED ON SALARY COMPARABILITY STUDY WITH THE STATE AND OTHER NONPROFITS ACROSS THE STATE. FORM 990, PAGE 6, PART VI, LINE 15B THE PERSONNEL COMMITTEE REVIEWS THE SALARIES OF PERSONNEL ON A REGULAR BASIS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE ORGANIZATION'S OFFICE. FORM 990, PART IX, LINE 11G OTHER FEES 518,792 207,213 23,421 FORM 990, PART XI, LINE 9 RENT EXPENSES INCLUDED IN PART I. 202,774 RENTAL EXPENSES INCLUDED IN PART I. -202,774 INSTITUTE CAPITAL INC PO BOX 1331 DURHAM NC 27702 562142717 CHARITY NC 501C3 7 N/A false false false false true false false false false false true false false true false true false false false false INSTITUTE CAPITAL INC O 731640 SHARED SERVICES INSTITUTE CAPITAL INC M 488025 RETOOL FEES INSTITUTE CAPITAL INC D 10072172 LOAN GUARANTEES INSTITUTE CAPITAL INC J 31770 RENT RECEIVED